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Reposted

Axios @axios.com · 6h

AI's leading companies still compete — sorta. They also work together at a large scale in increasingly esoteric ways.

You could call that an ecosystem. You could also call it, as AI critics have, a shell game.

Welcome to the mega-blob: AI firms are fusing into one big lump

OpenAI's AMD deal is the latest sign big AI firms are entangling supply chains. ownership and responsibility.

www.axios.com

2 7 20

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Axios @axios.com · 4h

Some of the most successful investors in the world are now signaling that the powerful rally in gold prices has more room to run.

Billionaires are getting behind the $4,000 rally in gold

The super wealthy are bulling up on bullion as gold hits a record.

www.axios.com

2 7 16

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Carl Quintanilla @carlquintanilla.bsky.social · 2d

".. OpenAI will receive warrants for up to 160 million AMD shares, roughly 10% of the chip company, at 1 cent per share, awarded in phases, if OpenAI hits certain milestones .."

@wsj.com $AMD
www.wsj.com/tech/ai/open...

OpenAI, AMD Announce Massive Computing Deal, Marking New Phase of AI Boom

Five-year agreement will challenge Nvidia’s market dominance, as OpenAI plans deployment of AMD’s new MI450 chips.

www.wsj.com

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Carl Quintanilla @carlquintanilla.bsky.social · 4d

“.. AI hyperscaler free-cash-flow growth has turned negative. .. price competition in the ‘monopoly-feeder businesses’ seems to be accelerating. .. recent deal-making smacks of speculation and vendor-financing strategies of old.”

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Carl Quintanilla @carlquintanilla.bsky.social · 2d

TUDOR JONES: “If it walks like a duck and quacks like a duck, it’s probably not a chicken.”

@cnbc.com

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Carl Quintanilla @carlquintanilla.bsky.social · 1d

MELIUS: “.. Hats off to $AMD. We know that the unusual structure will raise some eyebrows ..

“.. Recall that Nvidia .. will receive equity in OpenAI as each of their gigawatts are deployed, .. one could argue that Nvidia will be an owner of AMD stock through its stake in OpenAI!”

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Adam Posen @adamposen.bsky.social · 1d

I joined @econofact.bsky.social Chats for a podcast episode "A Changing Economic Geography" drawing on my recent article in @foreignaffairs.com We discuss the consequences of a Post-American world economy. With Michael Klein
econofact.org/podcast/a-ch...

A Changing Economic Geography | Econofact Chats

Adam Posen discusses his Foreign Affairs article 'The New Economic Geography: Who Profits in a Post-American World?'

econofact.org

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Lauren Goode @laurengoode.bsky.social · 1d

OpenAI’s latest move in the race to build massive data centers shows that OAI believes demand for AI will keep surging—even as skeptics warn of a bubble. The deal also gives OpenAI the option to acquire a 10 percent stake in AMD www.wired.com/story/openai... from @willknight.bsky.social and me

OpenAI's Blockbuster AMD Deal Is a Bet on Near-Limitless Demand for AI

OpenAI’s latest move in the race to build massive data centers in the US shows it believes demand for AI will keep surging—even as skeptics warn of a bubble.

www.wired.com

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Michael Santoli @michaelsantoli.bsky.social · 1d

Never forget...

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Carl Quintanilla @carlquintanilla.bsky.social · 1d

UBS looks at “the cracks forming in US credit markets”:

“.. Fundamentals are deteriorating, especially in IG corporates. Balance sheet health for IG firms has dropped to the 27th percentile—its weakest in five years .. the rise in lower-quality leveraged loan issuance signals overheating risks.” 👀

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Bob Elliott @bobeunlimited.bsky.social · 4d

Opened this to everyone as my free post of the week on the blog app for those interested.

bsky.app/profile/bobe...

Bob Elliott @bobeunlimited.bsky.social · 9d

Strong HH Demand, But Is It Sustainable?

Recent data shows a spending surge, but without it translating to a pickup in hiring or wages, keeping consumption at this pace will require a rapid fall in savings ahead given weak income growth.

open.substack.com/pub/bobeunli...

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Barchart @barchart.com · 4d

Treasury Bond Volatility $MOVE falls to lowest level since December 2021 📉📉

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Chris Grey @chrisgrey.bsky.social · 2d

Latest post from by far the best analyst of global economic issues

Simon Nixon @nixonsimon.bsky.social · 3d

Europe's future in a world of weaponised interdependence, counting the cost of Chinese involution and how the coming robot revolution will allow us all to live like Kings - my latest

Brave New World

Thoughts on Europe's future in a world of weaponised interdependence, counting the cost of Chinese involution, and how the coming robot revolution will allow us all to live like kings

open.substack.com

3 19 31

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Justin Wolfers @justinwolfers.bsky.social · 2d

Ever wanted to hear two middle-aged blokes talk macro and meow? [email protected] and me as we race from BLS to the Fed to tariffs to competence (still not a dirty word) to immigration to shutdowns, and finish up purring about kittens. #dadcore
www.youtube.com/watch?v=u-qo...

The Terrible Cost of the Trump Economy with Economics Professor Justin Wolfers

Economist Justin Wolfers joins The Left Hook to explain how Trump's reckless incompetence is weakening America's reputation, alliances, and the economy. In this conversation, we discuss the cost of…

www.youtube.com

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Maxwell Millington @maxweezy.bsky.social · 6d

🦈 I spoke with @mcuban.bsky.social about what AI means for young entrepreneurs at the first-ever Clover x Shark Tank summit in Las Vegas.

📰 In my article for @axios.com, Cuban drops gems about why he thinks AI is the next step in the American Dream.

www.axios.com/2025/10/02/m...

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Axios @axios.com · 5d

President Trump is seizing on the government shutdown as an "unprecedented opportunity" to consolidate control in the presidency, accelerating a trend toward unchecked power.

Trump charts path to total control amid government shutdown

So far, the standoff is only emboldening the White House.

www.axios.com

18 32 42

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Axios @axios.com · 5d

"The White House has discovered there are limits."

Trump's push for executive control runs into a hurdle: economic independence

On Tuesday, the White House withdrew E.J. Antoni's nomination to run the BLS.

trib.al

5 18 48

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Axios @axios.com · 5d

Tech companies masking their borrowing to fund AI suggests that today's earnings boom can't last forever.

The biggest sign yet of an AI bubble is starting to appear

Big Tech firms have turned to private debt markets and special purpose vehicles.

www.axios.com

2 13 57

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Axios @axios.com · 5d

Some indicators signal that an unusual economic dynamic persisted last month: Employment is barely budging, even as business investment and consumer spending look strong.

Hiring data suggests an unusual economic dynamic at play

In the absence of a jobs report, the ADP report was this week's headliner.

www.axios.com

1 5 18

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Carl Quintanilla @carlquintanilla.bsky.social · 5d

“.. That debt — and how it is getting structured — is ‘almost an acknowledgement that this is getting out of hand.’”

@axios.com
www.axios.com/newsletters/...

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Carl Quintanilla @carlquintanilla.bsky.social · 5d

“.. His conclusion is very stark: not just that an economy already at stall speed will fall into recession as both the data-center and wealth effects plateau, but that they’ll reverse, just as in the dot-com bubble did ..”

@marketwatch.com
www.marketwatch.com/story/the-ai...

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Carl Quintanilla @carlquintanilla.bsky.social · 5d

GREG IP: ".. GDP and employment do occasionally go in different directions, but rarely by this much."

@wsj.com
www.wsj.com/tech/ai/behi...

Behind Job Weakness Are Hints of a Productivity Revival. Is AI the Reason?

The artificial intelligence investment boom resembles the tech spree that brought a productivity renaissance three decades ago.

www.wsj.com

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Robin Brooks @robin-j-brooks.bsky.social · 5d

There's never been a period in history where Swiss long-term yields have decoupled more from global yields (pink). What's going on with Switzerland parallels the big rise in gold. The world is running out of low-debt safe havens. The few that remain are getting massive inflows...

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Kara Swisher @karaswisher.bsky.social · 5d

Read: What I Learned From My Days in Russia: Silicon Valley Needs to Start Speaking Out About Trump www.nytimes.com/2025/10/03/o...

Opinion | Silicon Valley Cashes Checks and Stays Silent

www.nytimes.com

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Carl Quintanilla @carlquintanilla.bsky.social · 5d

“.. the U.A.E. promised to invest in the U.S. in exchange for up to several hundred thousand Nvidia chips a year. But the investment hasn’t materialized after months of talks, baffling some administration officials who don’t know the reason for the delay ..” 🤡

@wsj.com
www.wsj.com/politics/pol...

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